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Retirement accounts have lost $2 trillion

Discussion in 'Economics and Financials' started by joeydolfan, Oct 7, 2008.

  1. joeydolfan

    joeydolfan Season Ticket Holder Club Member

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    Ft. Worth

    Retirement accounts have lost $2 trillion



    That is an absolute mountain of cash. Reminds me of this scene.


    [ame=http://www.youtube.com/watch?v=jTmXHvGZiSY]YouTube - Austin Powers - 100 billion dollars[/ame]
     
  2. padre31

    padre31 Premium Member Luxury Box

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    inching to 100k posts
    It is alot of cash JoeyD, however we both know markets move both ways, up and down.

    What bothers me about that 2 Trillion dollar loss is flippin' Politicians were behind via Fannie and Freddie, as well as their addled minded CRA plan and the SEC sleeping at the wheel.
     
    finswin56 likes this.
  3. Paul 13

    Paul 13 Chaotic Neutral & Unstable Genius Staff Member

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    if you haven't changed the IRA allocation from stocks to fixed income / money market type accounts, you should do so NOW.
     
    padre31 likes this.
  4. CrunchTime

    CrunchTime Administrator Retired Administrator

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    Call me in as one of the victims .I am down 12 pct so far.Hoping for a rebound
     

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